Global Ship Lease has ordered 15 mid-size containerships for approximately $1.3 billion, with multi-year charters expected to cover more than $1 billion of the cost and recover over 75% during the vessels' initial economic lives. The company reported $3.2 billion in forward contracted revenue, with 100% coverage for 2026 and 90% for 2027. Debt fell to just under $600 million by June 30, 2026, while cash stood at $649 million. Management cited Red Sea and Strait of Hormuz disruptions as reducing effective container capacity, benefiting mid-size and smaller vessels. The company also agreed to sell four older vessels for $65.5 million, expecting a gain of about $33 million.
Global Ship Lease IncOrders 15 containerships for ~$1.3B with multi-year charters covering over $1B and $3.2B forward contracted revenue.
